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Thread: Fibonacci Retracment Indicator

  1. #1
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    Default Fibonacci Retracment Indicator

    Have are many ways to potentially identify areas of support and resistance.
    Often, these show where likely “bounces” might occur. is a somewhat
    different approach to doing this, called Fibonacci Retracements, which
    shows that if an advance or pullback is likely to occur, where will the likely
    tests (i.e., retracements) of this change occur.

    start use it, there is an amazing regularity with sequences of numbers
    discovered long, long ago by a Monk studying the reproductive behavior of
    rabbits (obviously he had lots of extra time to do this with). Starting number with 0 and 1, add the prior number to the current value. You can get:

    0,1,1,2,3,5,8,13,21,34,55,66,78,85,90,108.............

    This System of numbers is known as the Fibonacci Sequence. to
    extends to infinity and there are some “regularities” to ratios of adjacent
    Fibonacci numbers.

    1.Fibonacci values get larger and larger, the ratio of any
    number to the previous value approaches 1.618. This is called the
    Golden Ratio or the Golden Mean.
    2.Fibonacci values get larger, the ratio of any number to the
    next higher number approaches 0.618.
    3.Aratio of a number to the one that is two values higher (as
    Fibonacci values rise) approaches 0.382.
    4.A ratio of a number to the one that is three values higher (as
    Fibonacci values rise) is 0.236.

    ===========================================================

    Singal For USDCAD on 11Augus2014

    Buy 1 Target (Price Up) @1.1030
    Buy 2 Target (Price Retreacment) @1.1010
    Buy 3 Target @1.0992
    Buy Area @1.0976
    Pivot @1.0963
    Sell Area @1.0947
    Sell 1 Target @1.0930
    Sell 2 Target (Price Retreacment) @1.0911
    Sell 3 Target (Sell Strong) @1.0899

  2. #2
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    Default

    The ratios given in (2) – (4) are the values that form the basis for
    Fibonacci Retracements:


    63.8% or 35.2% or 21.6% from a high or low.
    According to Fibonacci Analysis, if an asset price moves from a low to a
    high, the first test of support will occur at 61.8% of that increase. The
    second occurs at 50%, then 38.2%, and finally at 23.6% of the increase.

    ============================================================================
    USDCAD for 12 Aug 2014

    Buy 3 (Retraccment) @1.0995
    Buy 2 Target (Strong Buy) @1.0977
    Buy 1 Target @1.0956
    Buy Area @1.0942
    Pivot Point @1.0929
    Sell Area @1.0916
    Sell 1 Target @1.0903
    Sell 2 Target (Reversal Price) @1.0885
    Sell 3 Target (Strong Sell) @1.0864

  3. #3
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    Default

    the Fibonacci Tool is available when in Annotation mode. and you have a chart you want to determine Fibonacci Retracements for, click Annotate on the lower/bearish left side of the chart.

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    Default

    Click on this, move the mouse to the bottom of MT4 or top that occurs first then hold the mouse key down and drag until you reach the top or bottom that occurred after your starting point. You can then release the mouse button.

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    Default

    illustration below uses a daily chart for the S&P 500 ($SPX) on 2/5/13.
    The Stock market might be correcting in the short-term before reaching an all-time
    high. To follow up on the likely outcomes of that possibility, the Fibonacci Retracement tool is applied in to the chart:

    Click image for larger version. 

Name:	ON.jpg 
Views:	2 
Size:	115.7 KB 
ID:	44915

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    Default

    USDCAD for 15 Aug 2014

    Resistance 3 @1.0953
    Resistance 2 @1.0932
    Resistance 1 @1.0919
    Pivot Level @1.0902
    Support 1 @1.0889
    Support 2 @1.0866
    Support 3 @1.0851

  7. #7
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    Default

    Fibonacci Retracemetn can used for calculation the trend movemetn and know the support and resistence number. so from that you can take decission to entry market or use pending order.

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    Default

    the first likely test of support would occur at adecline of 38.2% of this run up (from 1343 to 1514). As the retracement lines show, this would be at 1449. so you can know how to draw the retracment.

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    Default

    fibonacci retraxcmetn is good indiactor to know the support and resistence of one price moevement so I need to learn it more for help me in forex trading here.

  10. #10
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    Default

    fibonacci retracmetn is used on mt4 for calculation trend/price movement level, so from fibancci retracmetn you can know to where price will moved, and you can place the pending order.

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    Default

    for use Fibonacci on MT4
    - On the toolbar, click the Add Fibonacci button.
    - In the Insert menu, click Add Fibonacci.
    - Right-click in the chart. In the pop-up menu, point to Chart Elements and then click add Fibonacci.
    Press F.
    * In the FX Open Station, you can also select the tool in the following way
    -In the Charts menu, point to Insert, click Add Fibonacci.

  12. #12
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    for me is strongly recommend that you continue to use add toolkit of technical analysis methods along with Fibonacci Retracements (RSI, MACD, Bollinger Bands, Stochasti etc.)

  13. #13
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    Default

    sigal for USDCAD 1AGUS2014

    Buy 3rd Target (try for place pending order) @1.0946
    Buy 2nd Target (Price Retracment) @1.0932
    Buy 1st Target @1.0910
    Buy Area @1.0901
    Pivot [email protected]
    Sell Area @1.0877
    Sell 1st Target @1.0866
    Sell 2nd Target @1.0847
    Sell 3rd Target @1.0829

  14. #14
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    Default

    with Fibonacci Retracmetn indicator you can know the support resistence number and pivot & buy area and sell area.. so this idncator is really helpfull for you to know how to entry marekt with right.

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